CBIZ reports Q3 revenue up 28.5%, EPS up 29.3%; raises full-year guidance

CBIZ, Inc.

2022-Q3 EPS reported $2.22 revenue$1,116,936,000

Revenue $363.3M, up 28.5% total and 12.3% same-unit vs Q3 2021.
GAAP EPS $0.53 vs $0.41 YoY; Adjusted EPS $0.51 vs $0.41 YoY.
Nine-month revenue $1,116.9M (+29.6%); GAAP EPS $2.22 vs $1.50 YoY.
Full-year guidance raised: rev growth 26-28% (prev 23-25%), adj. EPS growth 26-28% (prev 25-27%).
Repurchased 1.6M shares YTD plus 397k in Oct; $271.1M credit facility outstanding.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CBIZ, Inc. reported the three months ended September 30, 2022 results: net income $27.5 million, EPS $0.53 per diluted share. Guidance raised.

Period: the three months ended September 30, 2022
Net income: $27.5 million
EPS: $0.53 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

For the 2022 third quarter, CBIZ recorded revenue of $363.3 million, an increase of $80.5 million, or 28.5%, compared with $282.7 million reported for the same period in 2021.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CBIZ, Inc. reported the three months ended September 30, 2022 results: net income $27.5 million, EPS $0.53 per diluted share. Guidance raised.

Period: the three months ended September 30, 2022
Net income: $27.5 million
EPS: $0.53 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Income from continuing operations was $27.5 million, or $0.53 per diluted share, compared with $21.7 million, or $0.41 per diluted share, for the same period a year ago.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CBIZ, Inc. reported the nine months ended September 30, 2022 results: net income $116.9 million, EPS $2.22 per diluted share. Guidance raised.

Period: the nine months ended September 30, 2022
Net income: $116.9 million
EPS: $2.22 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

For the nine months ended September 30, 2022, CBIZ recorded revenue of $1,116.9 million, an increase of $254.8 million, or 29.6%, over the $862.1 million recorded for the same period in 2021.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CBIZ, Inc. reported the nine months ended September 30, 2022 results: net income $116.9 million, EPS $2.22 per diluted share. Guidance raised.

Period: the nine months ended September 30, 2022
Net income: $116.9 million
EPS: $2.22 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Income from continuing operations was $116.9 million, or $2.22 per diluted share, for the nine months ended September 30, 2022, compared with $80.5 million, or $1.50 per diluted share, for the same period a year ago.

View on SEC.gov

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CBIZ, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-22-027266

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